“algérie, embarquement immédiat”announced new economic growth model in 2016, aimed at...
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Luxembourg Octobre 2017 || Maghreb Algerie | Présentation
“Algérie, Embarquement immédiat”
M. Kacem AIT YALA
Président
- Chambre Algérienne de Commerce et d’Industrie en France - CACI France
- Forum des Chefs d’Entreprise - FCE INTERNATIONAL
SEMINAIRE ALGERIE à la Chambre de Commerce du LUXEMBOURG
16 octobre 2017
Luxembourg Octobre 2017 || Maghreb Algerie | Présentation
Bienvenue dans le Monde de l'Algérie
Luxembourg Octobre 2017 || Maghreb Algerie | Présentation
L’Algérie : Géant Africain, Géant Méditérranéen, Géant du monde Arabe
Luxembourg Octobre 2017 || Maghreb Algerie | Présentation
Une des 3 dernières large économies non globalisée
Luxembourg Octobre 2017 || Maghreb Algerie | Présentation
Bienvenue dans le Monde de l'Algérie
Luxembourg Octobre 2017 || Maghreb Algerie | Présentation
Le Maghreb
Luxembourg Octobre 2017 || Maghreb Algerie | Présentation
Europe: 1977- Union en Marche, 1981 - Grèce, 1986 - Espagne Portugal
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Europe: 1989 - Chute du mur de Berlin, 2004 à 2010
Europe de l’Est rejoint l’Europe
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2000s Turquie --> La Chine, Le Moyen-Orient et l’Asie Centrale
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2015 - Plan de développement infrastructurel significatif
(3ème révolution numérique et 4ème révolution industrielle)
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L’Algérie, un Géant Africain - La prochaine puissance économique
Luxembourg Octobre 2017 || Maghreb Algerie | Présentation
L’Algérie, un Géant Africain
Algeria
Largest country in Africa by area
Largest natural gas reserves in Africa
Largest oil crude reserves in Africa
Largest shale gas reserves worldwide
Largest energysupplier to the EU
1st
2nd
3rd
A country rich in RESOURCES
ACCESS to regional markets
7 Border markets: Tunisia, Libya, Niger, Mali, Morocco,
Western Sahara and Mauritania
Proximity to the European,African and Arab markets
Membership in the agreement of the Arab Free Trade
Area and Association Agreement with the EU
Nominal GDP in 2015
Real GDP growth rate vs worldaverage of 2.5% in 2015
GDP per capita in 2015 (PPP)
Largest holder of foreign currency
reserves after Saudi Arabia
External debt in 2015, compared toUS$25.3bn in 2000
$167 bn
3.9%
$14,532
2nd
ECONOMIC stability
Population in 2015
Urbanisation, the highest in North Africa
Middle Class population
Consumption expenditure growth in 2015
40m
71%
77%
9.3%
Favourable DEMOGRAPHICS
Macroeconomics REFORMS underway
2005 - 2014 infrastructure investments
Announced New Economic Growth Model in 2016,
aimed atdiversification of economyfrom hydrocarbons
2011-2030 Renewable Energy Development
Programme to promote the renewable energysector
3rd
$3 bn
$500 bn
Source: IMF, World Bank, EIA, ANDI
4th
$533bn PPP GDP 2015
Luxembourg Octobre 2017 || Maghreb Algerie | Présentation
Un gigantesque développement Infrastructurel
2015 – 2019
Investment
program includes:
- Hospitals
- Transport
infrastructure (ports
and airports)
- City Transportation
systems
- Wastewater
management
- Desalination
Airports
17 international airports
16 national airports
Electricity
Accessible to 99%
of the population
Water
Accessible to 98% of the
population
94 Dams
Achieved UN millennium
access to water goal
Education
97 universities
2,200 high schools
22,000 schools
IT / Telecom penetration:
Mobile: 110%
Internet: 60%
49000 Km Fiber Optics
deployed IUT
Hospitals
210 hospitals
1,616 polyclinics
Maritime Transport
45 marine infrastructure
New port of 23 quays and 6.5m containers p.a. capacity
Total
Infrastructure
Spending
Roads
112k km network
Longest highway in
Maghreb (east-west)
Trans-Saharan linking
Algiers to Lagos
2005-2009 2010-2014 2015-2019
$286bn
$486bn
$220bn$200bn
Rails
3,973 km network
Network to triple
railroad network
over next 15 years
Source: ANDI, BMI, Reuters, Tell Estimates
Luxembourg Octobre 2017 || Maghreb Algerie | Présentation
Un secteur privé en expansion rapide
20151966 1986 1987 1998 19991990 1991 1995
The private sector
represents 95% of
the total active
economic entities
For the first time,
the concept of fair
entrepreneurial was
introduced through
the constitution
300
1m1,7m
14K
Luxembourg Octobre 2017 || Maghreb Algerie | Présentation
Secteurs cibles
Renewable Energy ICT
Consumer
Driven
Sectors
Agribusiness Energy InfrastructuresMining and
Industry
FMCG Processing Oil and GasNatural resources Construction
Healthcare
Entertainment
Retail
Warehousing
Logistics
Distribution
EnvironmentHeavy Industry
Pharma Packaging Car Industry
Luxembourg Octobre 2017 || Maghreb Algerie | Présentation
Investissements directs étrangers (IDE)
Controls on foreign
exchanges
Guarantee of repatriation granted to foreign investors and applicable to foreign investment
proceeds
This provision extends the guarantee of repatriation to cover contributions in kind concerning
assets located abroad, but only after the issuance of a contribution auditor’s report.
The Algerian state’s
preemptive right
Relocation of the rule
49/51
Guarantees
Which any sale of shares by or to foreign investors is subject to the State’s pre-emptive right.
However, only the pre-emptive right as a principle is provided by the new law.
The new law maintains the State’s right to purchase (improperly called pre-emptive) in the event
of sale of shares in a foreign company holding shares in an Algerian company which benefited
from advantages or facilities during its establishment.
The rule which limits the shareholding of a foreign investor in Algerian companies to 49%.
Fair and equitable treatment with regard to the rights and obligations attached to their
investments.
The principle of non-retroactivity applies to investments .
In case a dispute involves the Algerian State and a national of one of the signatory States of the
treaty, it is possible to resort to arbitration through the arbitration clause provided by such treaty.
LA LOI NO.16-09 OF 3 AUGUST 2016 POUR LA PROMOTION DES INVESTISSEMENTS
Luxembourg Octobre 2017 || Maghreb Algerie | Présentation
Incitations
• The aforementioned so-called « common » advantages are
not exclusive and can therefore be cumulated with
advantages provided by other incentive measures
introduced in Tourism, Industry, Agriculture
Number of tax exemptions and the bank interest rate
subsidies concerning thirteen (13) activities in the
industrial sector:
The steel Dies
Metallurgical
Hydraulic binders
Utilities
Home appliance
Industrial chemistry
Mechanical and automotive
Pharmaceutical
Aerospace, shipbuilding and repair
Advanced technologies
Food industry
Textile and clothing
Leather and derivatives and wood products and
furniture industry
These advantages are established by an agreement that is
negotiated and signed with ANDI following an approval by
the CNI. The qualification criteria for this kind of investments
are to be set out in a coming implementing regulation
These advantages will at least include the so-called
“common advantages” (and, when applicable, the so-called
“additional” advantages) granted for longer durations. In this
context, it should be possible to request additional benefits
such as, for instance, a stabilization clause relating to energy
price
The project should benefit from exceptional tax exemptions as
it will be classified in sectors of high priority for the government
Avantages supplémentaires pour les activités
privilégiées et / ou créateur d'emplois
Les avantages exceptionnels pour les projets
présentant un intérêt particulier pour l'économie
nationale:
Luxembourg Octobre 2017 || Maghreb Algerie | Présentation
Gouvernance
• To monitor investment acts,• To suggest all the ways and
means to contribute to the development of the act of investing in Algeria,
• To anticipate all the difficulties that may arise and slow down the national investment policy,
• To be interactive to propose actions and facilitation solutions,
MISSIONS DU COMITÉATTRIBUTS DU COMITÉ
• Collect, process and analyze investment and environment data/information,
• Monitor and actively watchdog the investment environment and the conditions under which investment projects are carried out,
• Detect any evolutions or changes in the investment field and/or the eventual obstacles to the act of investing and creating companies, together with the exchange of good practices (benchmarking) between Wilayas.
BASES DE DONNÉES
• Allocation of land by Wilayas, • Financing investment projects
records• Records of investment projects in
progress• Uncommitted investment projects
and their classification according to difficulties and obstacles encountered.
• Other database that can contribute to the improvement of visibility and anticipation in the field of investment.
The investment situation and prospects for its development
Measures or actions likely to promote the improvement of the investment
environment.
Anticipation of constrains and investment opportunities
COMITÉ DE SURVEILLANCE DES INVESTISSEMENTS
Le Comité de suivi des investissements (CSI) a été créé par le 1er ministre le 13 mars 2017
ANALYSIS AND ALERT NOTES
Luxembourg Octobre 2017 || Maghreb Algerie | Présentation
Transfert De Dividendes
PRINCIPE
CENTRAL BANK
FOREIGN INVESTORS
DOCUMENTATION
IN CASE OF LIQUIDATION
Banks and regulated institutions have the obligation to execute without delay, all requests related to the transfer of dividends, profits, revenues from the disposal of foreign investments as well as attendance fees and bonuses for foreign Directors (members of the Board of Directors).
The Central Bank’s audit is performed subsequently
Profits and dividends are transferrable for an amount equivalent to the foreign contribution into the capital.
In the event of disposal or liquidation of investments, the amount transferred is equivalent to the selloff price or the value of the liquidation surplus to the profit of the foreign investor
For the transfer of profits, bankers may request all attestations relative to the initial capital contribution and to all capital increases
PROCÉDURE
Trading activities are not eligible for profits transfers, unless justified by a significant investment effort
Transfer of advances and down payments on profits and dividends are prohibited
Disposal and liquidation: Transfer to be executed for an amount equivalent to the real value, free of taxes of disposed goods
File to be presented (Instruction Central
Bank 01-09)
Luxembourg Octobre 2017 || Maghreb Algerie | Présentation
L’Algérie un Géant Africain - Le prochain pays émmergent - Risques
Luxembourg Octobre 2017 || Maghreb Algerie | Présentation
L’Algérie un Géant Africain - la prochaine puissance économique
La prochaine région du monde à emerger
Positionnement géostrategique
Une volonté politique
Un Marché domestique et régional pouvant
supporter les investissements
Une Infrastructure prête et en développement
continue
Une dette quasi inexistante
Un secteur public et privé comme partenaire
BIENVENUE EN ALGERIE
Luxembourg Octobre 2017 || Maghreb Algerie | Présentation
La Prochaine Puissance Economique
Luxembourg Octobre 2017 || Maghreb Algerie | Présentation
CONTACT:
M. Kacem AIT YALLA
Président
- CACI France
- FCE INTERNATIONAL
3, rue La Boétie
75008 Paris France
www.cacifrance.org
www.fceinternational.org
Ministère des Affaires Etrangères Chambre Algérienne de Commerce et d'Industrie en France
Forum des Chefs d’Entreprises International
Luxembourg Octobre 2017 || Maghreb Algerie | Présentation